Indian Oil and Ever-Enviro to form Joint Venture for Sustainable Energy Solutions
This association will pave the way for the formation of a 50:50 joint venture company dedicated to advancing biofuel adoption across the country.
Indian Oil and Ever-Enviro to form Joint Venture for Sustainable Energy Solutions
In a landmark step towards fostering sustainable energy solutions in India, Indian Oil has entered into a Joint Venture Agreement with Ever Enviro Resource Management Pvt. Ltd., a leading biofuels company in the country. This association will pave the way for the formation of a 50:50 joint venture company dedicated to advancing biofuel adoption across the country.
The agreement was signed by Dr. Santanu Gupta, Executive Director (Alternative Energy), Indian Oil, and Mr. Mahesh Girdhar, MD & CEO of EverEnviro in the presence of IndianQil dignitaries Mr. N Senthil Kumar, Director (Pipelines) holding additional charge of Director (P&BD), Mr. Alok Sharma, Director (R&D) and Mr. Arvind Kumar, Director (Refineries). Mr. Pravin Dongre, ED (Sustainable Development), IndianOil, and Mr. Deepak Agarwal, ED, and EverEnviro were also present besides other senior officials from both the organizations.
Read Also : PNC Infratech secures road projects worth Rs 4,630 crore from MSRDCThe joint venture will focus on integrating advanced biogas technologies to convert organic waste into Compressed Biogas (CBG), a cleaner and renewable energy source.
This will significantly reduce greenhouse gas emissions while providing a sustainable alternative to traditional fossil fuels. By leveraging their combined expertise, Indian Oil and Ever Enviro aim to accelerate the deployment of CBG plants nationwide.
These initiatives complement Indian Oil's long-term low-carbon development strategy and achievement of the operational Net Zero goal by 2046, which will also help in achieving the net zero target for India by the year 2070.
CBG offers numerous benefits to India and the environment. For the country, it promotes energy security by reducing dependence on imported fossil fuels and supports the rural economy by creating local employment opportunities.
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